EMCORE (NASDAQ:EMKR) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of EMCORE (NASDAQ:EMKR) in a research note issued on Tuesday. The firm set a “hold” rating on the semiconductor company’s stock.

EMCORE Price Performance

Shares of NASDAQ:EMKR opened at $3.10 on Tuesday. EMCORE has a 1 year low of $0.78 and a 1 year high of $4.11. The stock has a market capitalization of $28.15 million, a price-to-earnings ratio of -1.06 and a beta of 1.70. The company’s 50 day simple moving average is $3.06 and its 200 day simple moving average is $2.58.

Institutional Trading of EMCORE

Several institutional investors and hedge funds have recently modified their holdings of the business. Newbridge Financial Services Group Inc. bought a new position in EMCORE in the fourth quarter valued at about $39,000. Virtu Financial LLC acquired a new stake in shares of EMCORE in the 4th quarter valued at approximately $88,000. CSS LLC IL bought a new stake in shares of EMCORE during the 4th quarter valued at approximately $164,000. Gabelli Funds LLC acquired a new position in EMCORE during the 4th quarter worth approximately $225,000. Finally, Geode Capital Management LLC lifted its stake in EMCORE by 18.3% in the 4th quarter. Geode Capital Management LLC now owns 77,410 shares of the semiconductor company’s stock valued at $232,000 after purchasing an additional 11,985 shares during the last quarter. 65.66% of the stock is currently owned by institutional investors.

About EMCORE

EMCORE Corporation, together with its subsidiaries, designs and manufactures fiber optic gyro, ring laser gyro, and micro electromechanical system-based inertial sensors and systems in the United States and internationally. It offers navigation system and inertial sensing products, such as gyroscopes and multi-axis sensors, inertial measurement units, fiber optic gyroscopes, quartz micro electromechanical systems, inertial navigation systems, tactical navigation, and naval and amphibious navigation, as well as radar positioning and pointing systems, and battlefield/artillery survey systems.